Dollar Barrier: Israeli Companies Move to US
Attorneys Ronald Klein and Meital Stavinsky were quoted by IsraelDefense in an article that discusses Israeli security companies making efforts to set up operations in the U.S. Although major security companies in Israel have already chosen to operate in the U.S., the dollar conversion restrictions in the current foreign aid agreement are increasing the likelihood of Israeli companies to conduct operations abroad.
"When it comes to the U.S. security market, there are a number of major contractors such as Raytheon, Lockheed Martin, and others who concentrate much of the defense procurement activity against the Pentagon. The first goal of an Israeli company is to enter into a cooperation agreement with one of the largest companies," said Mr. Klein.
"Along with operational considerations in establishing operations in the United States, there is an equally important course of compliance with American regulation and legislation. Especially in a regulated field like security business. For example, a security company that wants to work with the federal government needs to meet very stringent information and cyber protection regulations," added Ms. Stavinsky, when emphasizing the aspect of cultural differences.
READ: Dollar Barrier: Israeli Companies Move to US (article is in Hebrew)